Articles by deBanked Staff
Circadian Funding is a Sponsor of deBanked CONNECT – San Diego
September 20, 2018Circadian Funding is a sponsor of deBanked CONNECT San Diego. The half-day event for funders, lenders, brokers and industry professionals is being held at the Andaz on October 4th!
Check out photos from deBanked’s past CONNECT event in Miami
RDM Capital Funding is a Sponsor of deBanked CONNECT – San Diego
September 19, 2018RDM Capital Funding is a sponsor of deBanked CONNECT San Diego. The half-day event for funders, lenders, brokers and industry professionals is being held at the Andaz on October 4th!
Check out photos from deBanked’s past CONNECT event in Miami
Dress for Sales at deBanked CONNECT – San Diego
September 17, 2018
The first 100 salespeople to check in to deBanked CONNECT in San Diego on Thursday, October 4th will receive a FREE shirt to help them close more deals 24/7. It says I Can Fund Your Business on the front and Ask Me How on the back.
“There is no mention of deBanked anywhere on the shirt,” said deBanked president and event organizer Sean Murray. “We simply want to create opportunities for salespeople to do more business. They can wear it on Main Street, at the gym, or while patronizing small businesses. Someone is bound to ask you how to get funded. Whether you’re offering small business loans, factoring, MCAs or something else, it still applies. Pitch what you do.”
This kind of marketing works. Of course, it can’t hurt to wear your own company’s attire as well. You can combine it with your company hat, for example. The idea is to get the right person who you otherwise might never engage with, to ask you the question, “Can you fund my business?”
And once you’re approached, use your training to diagnose what the prospect needs. Several industry experts say the “Consultative Sale” works best. If you happen to be offering MCAs or competing against an MCA product, articulating the details (pros & cons) will go a long way in building credibility. The MCA Basics course is something that can really make a difference for salespeople, for example.
THERE’S ONLY TWO WEEKS LEFT TO REGISTER FOR DEBANKED CONNECT – SAN DIEGO. Register now and check in as early as 1:30PM on October 4th to get your free shirt.
1st Global Capital’s Activities Spilled into Cryptocurrency and ICOs
September 14, 2018Curious details are emerging in the wake of the 1st Global Capital bankruptcy and subsequent SEC charges. Among them is that $161,000 of company funds were used to purchase cryptocurrency.
Many of those purchases were made in February of this year for a total of $92,492. The cryptocurrency market has slumped since then. Bitcoin, for example, is down 35%.
In May, less than three months before 1st Global filed Chapter 11, a purchase of $61,000 in cryptocurrency was addressed to TraNexus Ireland LTD. TraNeXus is an Ireland-based travel technology blockchain company that is currently raising capital via an Initial Token Offering (aka an Initial Coin Offering, ICO). “TraNexus is committed to changing the way people travel and revitalizing the travel and tourism industry by making travel easier, greener, more valuable and more fun,” the company says of itself in a recent press release. 1st Global Capital owner Carl Ruderman is something of a vanguard in the global tourism business whose acumen includes ownership of Elite Traveler magazine.
Separately, 1st Global is alleged to have funded a $40 million merchant cash advance to an auto dealership in California. Though it remains unconfirmed, industry insiders say it wasn’t even a 1st position deal and that the dealership had multiple advances.
On Wednesday of this week, the SEC served a subpoena on a JPMorgan Chase in Miami demanding all documents and payments related to 1st Global, Ruderman, and his companies.
Vader Mountain Capital is a Sponsor of deBanked CONNECT – San Diego
September 14, 2018Vader Mountain Capital is a sponsor of deBanked CONNECT San Diego. The half-day event for funders, lenders, brokers and industry professionals is being held at the Andaz on October 4th!
Check out photos from deBanked’s past CONNECT event in Miami
United Capital Source is a Sponsor of deBanked CONNECT – San Diego
September 14, 2018United Capital Source is a sponsor of deBanked CONNECT San Diego. The half-day event for funders, lenders, brokers and industry professionals is being held at the Andaz on October 4th!
Check out photos from deBanked’s past CONNECT event in Miami
In Anticipation of Hurricane Florence, Funders Suspend ACH Debits
September 12, 2018McLean, VA-based Breakout Capital is proactively suspending ACH debits for customers based in the counties designated by FEMA’s Major Disaster Declaration, according to an announcement made earlier today. They will be continuing to monitor the situation so that they can respond accordingly.
Gainesville, FL-based Elevate Funding is also pausing debits preemptively, the company says, for active merchants in North Carolina, South Carolina, and Georgia. After the storm, merchants can call in to report their damage or business status, they say. “Being based in Florida, exposed to many storms over the years, allows Elevate to understand how a hurricane’s damage can vary within 50 miles out to a 200 miles. Each case and customer will present different issues over the next week and some out to months.”
Chicago-based Lendr, echoed a similar plan. Company CEO Tim Roach says, “We will suspend payments for the rest of September for any client that is affected by Hurricane Florence. Most clients will come back on a reduced payment schedule for a short period of time. In the past we have provided additional funding for clients in need to help get their business back on track due to these types of natural disasters.”
Ft. Lauderdale-based Fundzio has announced that ACH payments are being suspended for businesses in South Carolina and North Carolina on Monday, Sept 17th through Friday, Sept 21st.
A State of Emergency has already been declared in North Carolina, South Carolina, Virginia, Washington DC, Maryland, and Georgia. It is currently a Category 3 Hurricane.
Kalamata Capital Group is a Sponsor of deBanked CONNECT – San Diego
September 12, 2018Kalamata Capital Group is a sponsor of deBanked CONNECT San Diego. The half-day event for funders, lenders, brokers and industry professionals is being held at the Andaz on October 4th!
Check out photos from deBanked’s past CONNECT event in Miami
